Boise Cascade (NYSE:BCC) issued its quarterly earnings results on Monday. The construction company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02), Morningstar.com reports. Boise Cascade had a net margin of 1.59% and a return on equity of 10.66%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the business earned $0.11 earnings per share. The company’s revenue was up 18.8% on a year-over-year basis.
Shares of Boise Cascade (NYSE:BCC) opened at $42.10 on Tuesday. Boise Cascade has a 12 month low of $25.55 and a 12 month high of $45.95. The company has a market cap of $1,696.62, a P/E ratio of 24.06, a PEG ratio of 1.08 and a beta of 2.10. The company has a quick ratio of 1.19, a current ratio of 2.27 and a debt-to-equity ratio of 0.67.
The company also recently disclosed a Not Available dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a yield of 0.00170109356014581%. Boise Cascade’s dividend payout ratio is currently 4.00%.
Several hedge funds have recently made changes to their positions in BCC. State Street Corp grew its stake in shares of Boise Cascade by 4.0% in the second quarter. State Street Corp now owns 909,705 shares of the construction company’s stock worth $27,654,000 after acquiring an additional 34,986 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Boise Cascade by 2.8% in the second quarter. Public Employees Retirement System of Ohio now owns 7,655 shares of the construction company’s stock worth $233,000 after acquiring an additional 212 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Boise Cascade in the third quarter worth approximately $447,000. First Quadrant L P CA bought a new stake in shares of Boise Cascade in the third quarter worth approximately $801,000. Finally, Peregrine Capital Management LLC grew its stake in shares of Boise Cascade by 3.5% in the third quarter. Peregrine Capital Management LLC now owns 1,109,988 shares of the construction company’s stock worth $38,739,000 after acquiring an additional 37,778 shares during the period. Hedge funds and other institutional investors own 99.90% of the company’s stock.
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Boise Cascade Company Profile
Boise Cascade Company is an integrated wood products manufacturer and building materials distributor with operations throughout the United States and one manufacturing facility in Canada. The Company is also a producer of engineered wood products (EWP) and plywood in North America. The Company operates through three segments: Wood Products, Building Materials Distribution, and Corporate and Other.
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